WELCOME AND OPENING REMARKS

• Henry Fernandez, Chairman and Chief Executive Officer, MSCI

KEYNOTE PRESENTATION: CITIES AS A SERVICE: WHAT DOES THE ON-DEMAND ECONOMY MEAN FOR REAL ESTATE?

• Greg Lindsay, Author and Journalist

BENEATH THE HEADLINE NUMBERS: THE DIVERSE DRIVERS OF GLOBAL REAL ESTATE

• Will Robson, Head of Applied Real Estate Research, MSCI

MSCI presents late cycle lessons from income and asset-level analysis

• Current state of the markets: low income returns, evaporating yield impact, growth coming from fundamentals
• Behind the headline numbers: NOI trends, reversionary potential, asset level dispersion
• What does this mean for portfolio construction? What’s really feasible?
• Global cities: Does the data back-up conventional wisdom?

MOVING BEYOND CORE: IS YOUR BENCHMARK SUFFICIENT?

• Elizabeth Francis, Vice President, MSCI

The latest private real estate fund index offering from PREA/MSCI

• Dev Subhash, Partner, StepStone Global

Panelists:

• Jeffrey Beckham, Managing Director, Head of Institutional Investment Management, Jamestown LP
• Kurt Edwards, Director, UBS
• Shelley Santulli, Executive Vice President, American Realty Advisors

A builder of tailored portfolios leads a panel of non-core fund managers discussing

• What is driving investor demand?
• What are the investment opportunities in the space?
• The new Index offering from PREA/MSCI

REAL ESTATE IN A GLOBAL CONTEXT

• Simon Fairchild, Executive Director, MSCI
• Bill Tresham, Founder, Rittenvest and Past-President, Ivanhoe Cambridge

Simon will present recent results from the IPD Global Property Index and discuss with Bill what it takes to implement a global strategy

Bill will share his experience gained from transforming a domestic $15bn domestic portfolio into a global fund of $40bn

HARNESSING GLOBAL GROWTH: IDENTIFYING OPPORTUNITY LATE IN THE CYCLE

Moderator:

• Thomas Morizet, Americas & Asia Regional Product Manager, MSCI

Panelists:

• Laler DeCosta, Managing Director, Invesco
• Tony Charles, Managing Director, Global Head of Research and Strategy , Morgan Stanley Real Estate Investing
• Reza Basharzad, Director, Investment Specialist, Global Clients & Marketing, QIC

A panel of global managers discuss where value can still be found

• International economic context spanning growth, interest rates, exchange rates and taxes
• Political overlay
• Market trends: pricing, market depth and accessibility, potential contribution to diversification

HOW RESEARCH DRIVES INVESTMENT DECISIONS THROUGH ANALYSIS OF MARKET AND ASSET SELECTION

• Will Robson, Head of Applied Real Estate Research, MSCI
• Joe de Foleschampe, CAIA, Assistant Vice President, Economic & Market Research, Berkshire Group

A conversation about market allocation and asset selection, highlighting the U.S. Multifamily market.

Speakers will discuss how investment opportunities and risks are identified during the underwriting process using return data over a full real estate cycle.
 

CLOSING REMARKS

• Jay McNamara, Managing Director and Head of Real Estate, MSCI